Jordan extends MoU with Iraq for oil import, increasing exports by 50%
Importing crude oil from Iraq, according to Kharabsheh, is in line with the original Memorandum of Understanding that the governments of Jordan and Iraq signed on May 4, 2023...
Category : Oil & Gas
Egypt to receive LNG supplies through Port of Sokhna as summer arrives
In 2023, Egypt's total natural gas production fell to its lowest since 2017, figures from the Joint Organisations Data Initiative show...
Lebanon extends deadline for licensing round for offshore oil
The current tensions between Israel and Lebanon are jeopardising the 2022 agreement...
Canada oil and gas emissions cap likely to curtail production, states report
The majority of Canada's largest oil producers' emissions reductions over the next ten years will come from CCS...
Saudi non-oil business activity stumbles in May amid order slowdown
The non-oil economy was valued at 1.7 trillion Saudi Riyals at constant prices, driven by steady growth in exports, investment and consumer spending...
OPEC predicts increase in global oil demand, IEA differs
OPEC declared that it would no longer publish the estimate of global demand for its own crude, which is used as a gauge of market strength, and instead concentrate on OPEC+'s oil demand...
Oil might rise to USD 100 in Middle East due to conflict, warns World Bank
The World Bank's index of commodity prices hasn't changed significantly since the middle of 2023...
Iran’s new oil deals: All you need to know
Iran can produce about 31.8 million barrels of crude oil per day, according to the IEA's most recent estimate...
Game changer for Beijing? China finds 100 million tonne oilfield in Bohai Sea
CNOOC revealed earlier in March 2024 that it found a fresh deposit in the South China Sea that holds more than 100 million tonnes of proven oil equivalent...
Oil price volatility continues amid geopolitical concerns, interest rate worries
A stronger dollar makes oil expensive for buyers with other currencies...